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Why Today’s 5% Savings Rates Are the Best We’ve Seen Since 2007

If you have cash savings in the bank, 2023 is shaping up to be a banner year. And we still have more than six months to go. Rates on savings, cash market, and certificate of deposit (CD) accounts have actually…

How the Debt Ceiling Impacts Interest Rates

The Federal Reserve had the ability to agree to keeping rates of interest steady throughout its June 14 conference, assisted by the truth that the financial obligation ceiling crisis that gripped the country just a few weeks before had passed….

Where Are Savings Rates Headed This Year?

The best rates for high-yield savings accounts are above 5%, supplying savers with the highest yields in more than 15 years. If the Fed’s financial projections are anything to go on, they may not have peaked. Ten consecutive rate walkings…